Payment for Final Completion Sample Clauses
The 'Payment for Final Completion' clause defines the conditions under which the final payment is made to the contractor upon the project's full completion. Typically, this clause requires that all contractual work is finished, any outstanding issues or punch list items are resolved, and all necessary documentation is submitted before the final payment is released. Its core function is to ensure that the contractor fulfills all obligations and delivers the project as agreed before receiving the last portion of payment, thereby protecting the owner's interests and incentivizing complete performance.
Payment for Final Completion. All amounts withheld from Payment for Material Completion and not previously paid to the Contractor or credited to the Owner, as set forth in Section 6, Part 4, are payable upon receipt of a final pay request from the Contractor.
Payment for Final Completion. All amounts withheld from Payment for Material Completion and not credited to the Owner, as set forth in Section 6, Part 4, are payable upon receipt of a final pay request from the CM/GC.
Payment for Final Completion. Upon Final Completion, CM/GC shall submit a Payment Application. CM/GC shall certify, by its signature on the Payment Application, that the Work has been completed as provided for by the Contract Documents. CM/GC shall submit a Payment Affidavit and Consent of Surety along with the Payment Application when requesting payment for Final Completion.
Payment for Final Completion. Upon Final Completion, Design-Builder shall submit a Payment Application. Design-Builder shall certify, by its signature on the Payment Application, that the Work has been completed as provided for by the Contract Documents. Design-Builder shall submit a Payment Affidavit and Consent of Surety along with the Payment Application when requesting payment for Final Completion.